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Market Commentary
A £12.6 Billion Deal Hits Its Deadline Wednesday. Here's the Rulebook Deciding What Happens Next
Prologis has until 5:00pm London time Wednesday to make a firm bid for UK REIT SEGRO or walk away, under a UK rule most US investors have never heard of. How the 'put up or shut up' deadline works, and why merger arbitrage is a risk trade, not free money.